Truist Financial Corp Has $6.67 Million Stake in BHP Group Limited (NYSE:BHP)

Truist Financial Corp raised its stake in shares of BHP Group Limited (NYSE:BHP) by 3.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 97,593 shares of the mining company’s stock after purchasing an additional 3,056 shares during the period. Truist Financial Corp’s holdings in BHP Group were worth $6,667,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BHP. Cape Investment Advisory Inc. boosted its stake in BHP Group by 37.4% during the 3rd quarter. Cape Investment Advisory Inc. now owns 639 shares of the mining company’s stock valued at $36,000 after purchasing an additional 174 shares during the last quarter. NBC Securities Inc. acquired a new position in BHP Group during the 3rd quarter valued at about $41,000. Headinvest LLC acquired a new position in BHP Group during the 3rd quarter valued at about $52,000. FinTrust Capital Advisors LLC boosted its stake in BHP Group by 64.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 1,079 shares of the mining company’s stock valued at $61,000 after purchasing an additional 422 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its stake in BHP Group by 22.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. StockNews.com downgraded BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $50.00.

BHP Group Stock Up 1.2 %

Shares of NYSE BHP opened at $56.26 on Friday. The stock has a fifty day simple moving average of $57.61 and a two-hundred day simple moving average of $60.17. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

BHP Group Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 8th were paid a dividend of $1.44 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a dividend yield of 5.2%.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.